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millennials and pawnshops

Why Are Millennials Turning to Payday Loans and Pawnshops?

Pawnshops and payday loans are becoming popular sources of fast cash for millennials who need instant help to pay their debts, according to a study by the Global Financial Literacy Excellence Center. Their research found that 42 percent of millennials have used alternative financial services as sources for short-term loans. Roughly 28 percent […]

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Millennials Are Turning to Pawnshops for Loans

Pawnshops are becoming a popular source of quick cash for Millennials who don’t have access to credit or access to a bank account. A recent study by PricewaterhouseCoopers—an audit and taxing consulting company—revealed 42 percent of Millennials are turning to alternative financial services as a source for short-term loans. The […]

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